Day Trading with Hary Boxer

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CSC, DECK, GEO, QIHU - Stock Charts to Watch RSS

Charts of the Day video for Mon December 3rd 2012

Charts of the Day Download MP4
Charts of the Day video analysis of key stocks in play

Despite the ugly market on Monday, the big gap up and the slide all session, the indices ending the session at the session lows, a lot of stocks we follow did well today. We’re going to take a look at some of those.

Computer Sciences Corporation (CSC) has a very interesting chart. It was in a down trend for quite a while, going from the mid 50’s down to the low 20’s. It bounced in an orderly retrace, jumped up again with a thrust, and a falling wedge. A breakaway gap to the upside broke it out above the first level of resistance, and then a 7- or 8-day pullback set it up for the pop on Monday, up 1.21 to 39.27, or 3.18%, on 1.8 million shares. It reached our target at 40, and the next target is in the mid 40’s.

Deckers Outdoor Corp. (DECK) was in a very long down trend, going from over 100 down to under 30. Lateral price resistance was taken out on Monday, with a big breakaway gap on a volume of 6 1/2 million shares. It jumped 4.05 to 42.34, or 10 1/2%. The short-term up-channel has been reached and there may be a pullback. However, if momentum accelerates on this one, it could move quickly to the mid-to-high 40’s, maybe even as high as 49-50.

The GEO Group, Inc. (GEO) had a distinct breakout over multi-week consolidation on Monday in the confines of a rising channel. It popped 1.57 to 29.77, or 5.6%, on 2 million shares. Look for a target of 32-3 on GEO.

Qihoo 360 Technology (QIHU) had a significant breakout on Monday. It broke through 2-2 1/2 year tops, and on Monday, it spiked up 2.45 to 27.44, or 10%, on 11 million shares. It looks like it may run up to test the 29 zone short-term. If it gets through that, look for something up around 34. It has a nice base pattern, and technicals are improving. So keep an eye on this one.

Other stocks on Harry’s Charts of the Day are Cleantech Solutions International, Inc. (CLNT), Celsion Corp. (CLSN), Neuralstem, Inc. (CUR), Caesars Entertainment Corporation (CZR), First Solar, Inc. (FSLR), Green Mountain Coffee Roasters Inc. (GMCR), Nam Tai Electronics, Inc. (NTE), Perion Network Ltd (PERI), and SouFun Holdings Ltd. (SFUN).